economy
Apple to launch $2,000-plus foldable ‘iPhone Ultra’ in early September: report
Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here.
TL;DR
- Apple is set to launch its first foldable iPhone, named 'iPhone Ultra,' around September 9th, with a price tag exceeding $2,000.
- The device will feature advanced hinge technology and iPad-like app layouts for its larger internal display but will not include a telephoto camera or Face ID.
- Shein has filed for a $27 billion IPO in Hong Kong, aiming to raise $1.8 billion, a valuation considerably lower than its peak.
- Global markets are experiencing mixed performance ahead of significant economic events, including Nvidia's earnings report and speeches by U.S. Treasury Secretary Scott Bessent and Fed Chairman Kevin Warsh.
- Approximately 20 million Americans of prime working age have opted out of the workforce, indicating a trend of economic inactivity.
- China's manufacturing share is nearing a historical 'natural ceiling' of approximately one-third of global manufacturing.
- AI chatbots are demonstrably poor at drawing accurate world maps, highlighting limitations despite advancements.